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. stephen moore, the president doesn't believe there's a problem. do you believe that the material in that op-ed is correct? do you think in your opinion that the government believes the president specifically doesn't believe we have a spending problem? >> the president does need to wake up and assess his surroundings. we are fixing to have the inauguration in a week or so. the debt will stand at a little other 16 trillion. by the time the next permit is inaugurated, the national debt will be $22 trillion. who cannot say there's a serious problem with being awash in red ink, and it threatens the fabric of our republic. >> i don't disagree. yesterday the nominee to replace timothy geithner is jack lew. keep in mind he's problem the professor and frankenstein that created the monster known as the current budget, even for bush when i look at mr. lew and the comments made by stephen moore regarding the president, this is a duo that i don't think will make the job of tackling spending any easier. am i missing something, congressman? >> no, if i read woodward's book correctly, wasn't it
. national debt, $16.4 trillion. recent cuts, this is questionable. because not counting moore's, i'm not so sure. that's still the same number that was on the original board. of course, we took away the eight zeros. let's do that. we're taking away the eight zeros in every case. i'll tell you why we're going through this exercise again. basically, what that leaves us with here is, and we'll get rid of all the non-descripts, about 24,500 on the family income, about 35,000 on the debt of the -- or excuse me, the budget of the family. around 10,000 in new debt. the current debt is about 164,000. and we're only cutting about $385. but let's go to recent reads, okay? the recent read is we have 52,000 per citizen. a little over 1 million per taxpayer on underfunded liabilities. and that comes out to about 3 million per citizen on underfunded licts. so i think in essence our politicians have created a new program. you want to know what i call that program? i call that program all kids left behind. all kids left behind. are we proud of that? because that's exactly what we've done. all kids left beh
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